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Tribune Co., parent company of the Los Angeles Times and seven other daily newspapers, including Daily Press, is reviewing operations in an effort that will likely result in staff reductions. Tribune announced in July that it planned to separate its newspapers from the company's other assets. The new owners of Tribune intend to focus on the more profitable television and Internet properties and spin off its eight daily newspapers into a stand-alone company. A Tribune spokesman confirmed late Thursday that the company has started a budget review process. Newspaper managers have been asked to look for efficiencies. "We’re in the process, as we are every year at this...

Related "Spin out" Articles

Tribune Co., parent company of the Los Angeles Times and seven other daily newspapers, including Daily Press, is reviewing operations in an effort that will likely result in staff reductions.
Tribune announced in July that it planned to separate its...

Tribune Publishing will carry $350 million of debt when it spins off as a stand-alone company, $25 million higher than previously stated. That figure includes a $275 million cash dividend payable to Tribune Co., which remains the same. The...